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ChipMOS REPORTS FEBRUARY 2019 REVENUE

2019-03-07 15:10

HSINCHU, Taiwan, March 7, 2019 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of February 2019.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.83 to US$1.00 as of February 28, 2019.

Revenue for the month of February 2019 was NT$1,328.5 million or US$43.1 million, a decrease of 14.3% from the month of January 2019 and an increase of 9.8% from the same period in 2018.  The Company noted that growth from higher TDDI demand and favorable pricing was offset by softness impacting the broader industry in the memory business and a lower number of working days around the New Year Holiday.  Based on historical trends, the Company expects the first quarter overall representing the low point for the year due to the above noted factors.

Consolidated Monthly Revenues (Unaudited)


February 2019

January 2019

February 2018

MoM Change

YoY Change

Revenues

(NT$ million)

1,328.5

1,549.9

1,210.4

-14.3%

9.8%

Revenues

(US$ million)

43.1

50.3

39.3

-14.3%

9.8%

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. 

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors.  Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange commission (the "SEC") and in the Company's other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

jesse_huang@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

Cision View original content:http://www.prnewswire.com/news-releases/chipmos-reports-february-2019-revenue-300808282.html

Source: ChipMOS TECHNOLOGIES INC.
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